Australian Federal Police Seize 25 Bitcoins Suspected of Hacking Cryptocurrency Exchange
Summary
- The Australian Federal Police reported seizing 25 Bitcoins from tycoon Shane Stephen Duffy.
- Duffy is under investigation for 950 Bitcoins linked to a 2013 French cryptocurrency exchange hacking incident.
- The seized assets are suspected proceeds of cybercrime and are planned to be reinvested into the community.
According to Cointelegraph, a cryptocurrency specialist media outlet, on the 18th (local time), the Australian Federal Police (AFP) seized 25 Bitcoins (BTC), a mansion, and a car from Queensland tycoon Shane Stephen Duffy.
According to the Australian Federal Police, Duffy is reportedly linked to 950 Bitcoins hacked in a 2013 French cryptocurrency exchange hacking incident.
The Australian Federal Police obtained this information from the Luxembourg police. The Luxembourg police are said to have obtained information about Duffy while investigating the hacking incident of Riot Games, the developer of League of Legends.
Jason Kennedy, commander of the Australian Federal Police, stated, "The federal police have the authority to restrain and confiscate assets suspected of being proceeds of cybercrime," and "We will consider ways to reinvest these proceeds into the community."
Uk Jin
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